

Lafayette Mittelstand Capital Acquires Majority Stake in Ferro Duo
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Frankfurt am Main, 15 Jan 2024 – Lafayette Mittelstand Capital has signed a definitive agreement to acquire a majority stake in Ferro Duo GmbH, a leading recycler of waste products from the building materials, steel, and chemicals industries. This investment aligns with LMC’s strategy of partnering with high-growth, innovative companies at inflection points.
Ferro Duo, headquartered in Duisburg, Germany, boasts over 15 patents for its innovative recycling and substitution technologies. With €25 million in revenue and a 10% EBITDA margin, the company employs 67 people across Germany, the US, UK, and Switzerland.
LMC will support Ferro Duo in scaling its operations, transitioning from pilot-scale to high-volume industrial production. This will enable Ferro Duo to significantly reduce the carbon footprint of its customers in the cement and steel industries while driving substantial growth.
"We are excited to partner with Ferro Duo and its talented team," said a spokes person at Lafayette. "Ferro Duo's innovative technologies offer significant environmental benefits and address critical sustainability challenges. We are confident that, with our support, Ferro Duo will become a leading player in the circular economy."
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About Ferro Duo
Ferro Duo specializes in serving a diverse range of industries, including construction, metal, and chemicals. The company prioritizes sustainability and resource efficiency, offering innovative solutions that minimize environmental impact and contribute to a more circular economy.
About Lafayette Mittelstand Capital
Lafayette Mittelstand Capital is a leading private equity firm specializing in acquiring Mittelstand companies at inflection points (carve-outs, special situations, growth, MBOs/MBIs) with revenue between EUR 25-500 million. Lafayette aims to partner with exceptional management teams to drive sustainable value creation and to leverage its deep industry expertise to achieve management’s strategic and financial objectives. ESG considerations are integral to Lafayette's investment approach (UNPRI signatory). Lafayette actively engages with portfolio companies to enhance their ESG performance.
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